Back to Suburb Insights
Narraweena Suburb Insights
VICLocation Information
Suburb Name
Narraweena, VIC
Distance from CBD
11.2 kmDemographics
Population
6,608
Median Income
$34,008
Area Information
Area
1.78 km²
Population Density
3712 people/km²
Property Market
Median Price
$1,073,579
Annual Growth
+13.3%Property Price Trend Analysis
Current Median Price
$1,073,579
Annual Growth
+13.3%
Quarterly Growth
+3.1%
Price Trends - Last 6 Months
2024-01
$459,374
+6.9%2024-02
$903,746
+8.6%2024-03
$509,370
+11.8%2024-04
$612,699
+9.6%2024-05
$898,744
+15.6%2024-06
$863,790
+8.5%Property Type Price Analysis
House
Median Price
$1,318,769
Growth Rate
+5.1%Available Listings
212 properties
Apartment
Median Price
$326,814
Growth Rate
+11%Available Listings
771 properties
Townhouse
Median Price
$709,517
Growth Rate
+9.6%Available Listings
152 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy